After a brief collapse in the cryptocurrency market on October 13, Shark Tank star Kevin O’Leary decided to speculate on the future of the industry. Previously, the popular investor was skeptical about new assets, but not so long ago he changed his mind about their prospects.
Earlier this year he disclosed some interesting facts about his investments in this sphere. It turned out that at that time about 20% of Kevin O’Leary’s investment portfolio was in cryptocurrencies.
There are people who criticize me for my approach, but it is one of the reasons I have unwavering beliefs about the future of cryptocurrencies and NFT.
When a new technology comes along that can dramatically increase our level of productivity and improve transaction processing on a global scale, we have no choice but to keep up with the innovation.
O’Leary recently said that the potential of cryptocurrencies can be described as a “take-it-or-leave-it” proposition. He added that people have no choice but to use cryptocurrency.
In his opinion, the authorities should regulate the cryptocurrency market and start with stablecoins and there should be special laws for them.
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